Control EA: Martingale Under Control
Hello, dear forex traders. It has been a long time since there were advisors from the "dangerous" category on the pages of our portal. Yet the current year has turned out to be suitable for martingale robots, grid traders, and the like. Forex Setka Trader, Vzlomshik Pro, and Silent Ilan are feeling quite good.
We present to your attention the forex advisor Control. A distinctive feature of this advisor is the combination of a grid strategy and martingale. The trading results are confirmed by independent monitoring. In this review, we will test the robot on several currency pairs and evaluate the results obtained.
Advisor Characteristics
Platform: Metatrader 4
Advisor version: 1.24
Currency pairs: USDJPY, AUDUSD, EURGBP, GBPJPY
Timeframe: M30
Working time: around the clock
Recommended brokers: Forex4You, Roboforex (cent accounts)
Installation Guide
Install the advisor as usual. If this is your first time encountering robots on Forex and you have a lot of questions, download and watch the course Forex on Autopilot.
Strategy of the Control Advisor
Trade entry is calculated using built-in indicators and uses market orders. The first order in the grid is placed with the initial lot. In addition to market orders, the advisor uses pending (stop and limit) orders. After the pending orders are triggered, the following pending orders are placed with an increased lot (that is, it uses the martingale strategy). On a pullback, the advisor closes the series of orders with a profit. There are no settings for the built-in indicators or for order placement.
Attention! The advisor "Control" uses a martingale strategy. Sooner or later, a major loss will occur; however, with periodic withdrawal of investments, probability theory works in our favor. After withdrawing the initial deposit, the dangerous martingale strategy immediately becomes loss-free and highly profitable.
Advisor Backtests
Backtests were done for each pair separately, since the Metatrader 4 platform does not allow multicurrency testing.
All tests were done with a fixed lot.
AUDUSD 2005 2015 depo 5000 lot 0.1
The test results are good
EURGBP 2005 2015 depo 5000 lot 0.1
The test results are good
GBPJPY 2005 2015 depo 5000 lot 0.1
The test results are poor
USDJPY 2005 2015 depo 5000 lot 0.1
Conclusion: For the Control advisor, pairs with the Japanese yen are completely unsuitable, while the AUDUSD and EURGBP pairs show good results. ⇒Links to all backtests used in the article (for independent analysis) can be found in the forum thread Control Advisor.
Description of Settings
The robot settings look as follows:
- AutoLot - automatic lot calculation by computing it as a percentage of equity. If fixed-lot trading is required, this parameter must be set to false.
- Compounding - an option denoting a riskier trading mode (the combined calculation mode for all orders). It is recommended to use Compounding=false.
- MaxDrawDown - the size of the maximum drawdown for AutoLot=true mode. It does not matter when using a fixed lot.
- ManualLot - the size of the fixed lot, works when AutoLot=false.
- Slippage - allowable order slippage in pips.
- CloseAll - if the value is true, no new orders will be opened after the current orders are closed. For the expert advisor to open orders again, CloseAll must be set to false.
Attention! Do not change anything in the expert advisor settings and use only the recommended values unless you fully understand what you are doing!
Recommended Money Management
At least 1000 units of account currency per 0.01 lot for each pair used. For clarity, see the table below.
| Account type | Minimum lot and lot step | Min. starting deposit | Broker examples |
|---|---|---|---|
| Cent (with mini-lots) | 0.01 | 10$ (1000 cents) | Forex4you |
| Cent account | 0.1 | $100 | Roboforex |
| Standard | 0.01 | $1000 | Alpari |
| Pro accounts | 0.1 | $10000 | The classic account type at most brokers |
Summary
The Control expert advisor is a profitable robot with simple settings. This expert advisor is based on an averaging strategy, and it works successfully on the real accounts of many traders, provided the rules for working with dangerous expert advisors are strictly observed.
Important!
For the expert advisor to operate correctly, the trading terminal must remain on from the market open on Sunday evening until its close on Friday evening. If you cannot keep your computer running 24/5, it is recommended to use a VPS server service.
Download the "Control" Expert Advisor
Respectfully, Alexey aka Merlin
TradeLikeaPro.ru
We present to your attention the Control forex advisor, whose distinguishing feature is the combination of a grid strategy and martingale.